Share Price and Basic Stock Data
Last Updated: February 3, 2026, 3:56 am
| PEG Ratio | 0.11 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Force Motors Ltd operates in the commercial vehicle sector, focusing on light and heavy commercial vehicles (LCVs/HCVs). As of October 2023, the company’s stock price stood at ₹19,206, with a market capitalization of ₹25,306 Cr. The firm reported revenue from operations of ₹8,624 Cr for the trailing twelve months (TTM), reflecting a robust growth trajectory. This represents a significant increase from ₹6,992 Cr in FY 2024 and ₹5,029 Cr in FY 2023. Quarterly sales figures indicate a consistent upward trend, with the most recent quarter (September 2023) recording sales of ₹1,802 Cr, up from ₹1,490 Cr in March 2023. The company’s operational efficiency is evident as it achieved an operating profit margin (OPM) of 17% for the TTM, indicating effective cost management and strong demand for its product offerings. Overall, Force Motors has positioned itself strongly in the market, benefiting from favorable industry dynamics and a growing economy.
Profitability and Efficiency Metrics
Force Motors reported a net profit of ₹1,077 Cr for the TTM, showcasing a remarkable recovery from previous years, where it faced losses in FY 2022 (-₹91 Cr) and FY 2021 (-₹124 Cr). The company’s return on equity (ROE) stood at 20.8%, while return on capital employed (ROCE) was recorded at 30%. These figures are indicative of effective management and utilization of shareholder funds. Furthermore, the interest coverage ratio (ICR) reached an impressive 44.43x, demonstrating the company’s ability to comfortably meet its interest obligations without relying on debt, as borrowings were reported at ₹0 Cr. The operating profit increased significantly, with the OPM rising to 14% in FY 2024 and further to 17% for the TTM. This consistent profitability, alongside growing sales and controlled expenses, positions Force Motors favorably against competitors in the automotive sector.
Balance Sheet Strength and Financial Ratios
Force Motors maintains a strong balance sheet, with total assets amounting to ₹5,342 Cr as of September 2025. The company has reported reserves of ₹3,493 Cr, which underscores its capacity for reinvestment and growth. Notably, the absence of long-term debt (0.00x debt/equity ratio) reinforces its financial stability and mitigates interest rate risk. The current ratio stood at 1.50, indicating sufficient liquidity to meet short-term obligations, while the quick ratio of 0.80 suggests a strong position even when inventory is excluded from current assets. The price-to-book value ratio (P/BV) is 3.93x, reflecting investor confidence in the company’s growth potential compared to typical industry benchmarks. Additionally, a consistent increase in the asset turnover ratio (1.69) highlights efficient asset utilization, which is critical in a capital-intensive industry like automotive manufacturing.
Shareholding Pattern and Investor Confidence
The shareholding structure of Force Motors reveals a stable and confident investor base, with promoters holding 61.63% of the company’s shares. Institutional investors, including foreign institutional investors (FIIs) and domestic institutional investors (DIIs), accounted for 10.46% and 1.80%, respectively, reflecting growing institutional interest. The public shareholding stood at 26.12%, with a notable increase in the number of shareholders to 71,870 as of September 2025. This indicates a healthy level of retail participation and confidence in the company’s growth trajectory. The gradual increase in FIIs from 2.72% in March 2023 to 10.46% by September 2025 highlights an improving perception of Force Motors among institutional investors. Such a diversified shareholding pattern is often viewed favorably, as it can lead to enhanced corporate governance and strategic decision-making.
Outlook, Risks, and Final Insight
Looking ahead, Force Motors is well-positioned to capitalize on the growing demand for commercial vehicles in India, supported by its strong financial performance and solid operational metrics. However, potential risks include fluctuations in raw material prices and supply chain disruptions, which could impact profitability. Additionally, the automotive sector faces increasing competition and regulatory scrutiny, particularly concerning emissions standards. Should Force Motors continue to innovate and adapt to market demands, it could further enhance its market share. Conversely, failure to address operational challenges may hinder growth. Overall, the company’s current trajectory suggests a promising outlook, contingent on effective risk management and strategic initiatives to sustain its competitive advantage in the evolving automotive landscape.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Force Motors Ltd | 25,306 Cr. | 19,206 | 22,000/6,200 | 30.8 | 2,661 | 0.21 % | 30.0 % | 20.8 % | 10.0 |
| SML Mahindra Ltd (SML ISUZU Ltd) | 5,201 Cr. | 3,594 | 4,745/1,028 | 32.8 | 307 | 0.50 % | 27.1 % | 36.4 % | 10.0 |
| Olectra Greentech Ltd | 8,843 Cr. | 1,077 | 1,714/965 | 61.8 | 137 | 0.04 % | 20.5 % | 14.3 % | 4.00 |
| Tata Motors Ltd | 1,47,974 Cr. | 402 | 538/324 | 6.84 | 316 | 1.49 % | 20.0 % | 28.1 % | 2.00 |
| Ashok Leyland Ltd | 1,14,103 Cr. | 194 | 199/95.2 | 34.1 | 21.4 | 1.61 % | 14.3 % | 28.8 % | 1.00 |
| Industry Average | 60,285.40 Cr | 4,894.60 | 33.27 | 688.48 | 0.77% | 22.38% | 25.68% | 5.40 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,264 | 1,304 | 1,490 | 1,488 | 1,802 | 1,692 | 2,011 | 1,885 | 1,941 | 1,889 | 2,356 | 2,297 | 2,081 |
| Expenses | 1,166 | 1,250 | 1,372 | 1,310 | 1,581 | 1,477 | 1,733 | 1,640 | 1,664 | 1,658 | 2,027 | 1,974 | 1,719 |
| Operating Profit | 98 | 54 | 118 | 177 | 221 | 215 | 279 | 245 | 277 | 232 | 329 | 323 | 363 |
| OPM % | 8% | 4% | 8% | 12% | 12% | 13% | 14% | 13% | 14% | 12% | 14% | 14% | 17% |
| Other Income | 12 | 5 | 246 | 11 | 9 | 4 | 18 | 15 | 9 | 20 | 418 | 25 | 26 |
| Interest | 20 | 17 | 18 | 18 | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 | 0 |
| Depreciation | 61 | 60 | 63 | 63 | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 | 71 |
| Profit before tax | 30 | -18 | 284 | 107 | 147 | 137 | 214 | 182 | 211 | 177 | 668 | 278 | 317 |
| Tax % | 36% | -14% | 48% | 36% | 36% | 37% | 35% | 36% | 36% | 35% | 35% | 36% | -11% |
| Net Profit | 19 | -16 | 147 | 69 | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 | 351 |
| EPS in Rs | 14.61 | -11.83 | 111.25 | 52.06 | 71.24 | 64.81 | 106.45 | 87.81 | 102.47 | 87.51 | 329.92 | 133.82 | 266.14 |
Last Updated: December 26, 2025, 11:07 pm
Below is a detailed analysis of the quarterly data for Force Motors Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 2,081.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,297.00 Cr. (Jun 2025) to 2,081.00 Cr., marking a decrease of 216.00 Cr..
- For Expenses, as of Sep 2025, the value is 1,719.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,974.00 Cr. (Jun 2025) to 1,719.00 Cr., marking a decrease of 255.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 363.00 Cr.. The value appears strong and on an upward trend. It has increased from 323.00 Cr. (Jun 2025) to 363.00 Cr., marking an increase of 40.00 Cr..
- For OPM %, as of Sep 2025, the value is 17.00%. The value appears strong and on an upward trend. It has increased from 14.00% (Jun 2025) to 17.00%, marking an increase of 3.00%.
- For Other Income, as of Sep 2025, the value is 26.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Jun 2025) to 26.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 0.00 Cr..
- For Depreciation, as of Sep 2025, the value is 71.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 70.00 Cr. (Jun 2025) to 71.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 317.00 Cr.. The value appears strong and on an upward trend. It has increased from 278.00 Cr. (Jun 2025) to 317.00 Cr., marking an increase of 39.00 Cr..
- For Tax %, as of Sep 2025, the value is -11.00%. The value appears to be improving (decreasing) as expected. It has decreased from 36.00% (Jun 2025) to -11.00%, marking a decrease of 47.00%.
- For Net Profit, as of Sep 2025, the value is 351.00 Cr.. The value appears strong and on an upward trend. It has increased from 176.00 Cr. (Jun 2025) to 351.00 Cr., marking an increase of 175.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 266.14. The value appears strong and on an upward trend. It has increased from 133.82 (Jun 2025) to 266.14, marking an increase of 132.32.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 3:43 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,022 | 2,364 | 3,025 | 3,069 | 3,423 | 3,652 | 3,081 | 1,988 | 3,240 | 5,029 | 6,992 | 8,072 | 8,624 |
| Expenses | 1,925 | 2,217 | 2,751 | 2,801 | 3,155 | 3,378 | 2,820 | 1,964 | 3,190 | 4,716 | 6,096 | 6,973 | 7,377 |
| Operating Profit | 97 | 147 | 274 | 268 | 268 | 275 | 261 | 24 | 50 | 313 | 897 | 1,099 | 1,247 |
| OPM % | 5% | 6% | 9% | 9% | 8% | 8% | 8% | 1% | 2% | 6% | 13% | 14% | 14% |
| Other Income | 60 | 66 | 71 | 86 | 69 | 82 | 3 | 2 | 52 | 268 | 37 | 446 | 488 |
| Interest | 9 | 7 | 5 | 6 | 7 | 15 | 28 | 28 | 41 | 68 | 62 | 26 | 12 |
| Depreciation | 85 | 81 | 92 | 113 | 129 | 151 | 195 | 174 | 191 | 241 | 267 | 280 | 284 |
| Profit before tax | 63 | 125 | 249 | 235 | 201 | 190 | 42 | -176 | -130 | 272 | 605 | 1,238 | 1,440 |
| Tax % | -24% | 19% | 28% | 23% | 27% | 25% | -20% | -30% | -30% | 51% | 36% | 35% | |
| Net Profit | 78 | 102 | 179 | 180 | 147 | 143 | 50 | -124 | -91 | 134 | 388 | 801 | 1,077 |
| EPS in Rs | 59.08 | 77.06 | 135.77 | 136.68 | 111.66 | 108.78 | 38.08 | -93.83 | -69.12 | 101.42 | 294.54 | 607.71 | 817.39 |
| Dividend Payout % | 5% | 6% | 7% | 7% | 9% | 9% | 26% | -5% | -14% | 10% | 7% | 7% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 30.77% | 75.49% | 0.56% | -18.33% | -2.72% | -65.03% | -348.00% | 26.61% | 247.25% | 189.55% | 106.44% |
| Change in YoY Net Profit Growth (%) | 0.00% | 44.72% | -74.93% | -18.89% | 15.61% | -62.31% | -282.97% | 374.61% | 220.64% | -57.70% | -83.11% |
Force Motors Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 21% |
| 3 Years: | 36% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 47% |
| 3 Years: | 100% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 74% |
| 3 Years: | 138% |
| 1 Year: | 126% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 15% |
| Last Year: | 21% |
Last Updated: September 5, 2025, 3:30 pm
Balance Sheet
Last Updated: February 1, 2026, 2:48 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 1,215 | 1,306 | 1,476 | 1,654 | 1,788 | 1,920 | 1,952 | 1,825 | 1,735 | 1,862 | 2,242 | 3,020 | 3,493 |
| Borrowings | 20 | 11 | 14 | 199 | 0 | 286 | 310 | 642 | 1,069 | 955 | 524 | 17 | 0 |
| Other Liabilities | 527 | 645 | 801 | 738 | 722 | 617 | 823 | 757 | 844 | 1,184 | 1,635 | 2,083 | 1,836 |
| Total Liabilities | 1,775 | 1,975 | 2,305 | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 5,342 |
| Fixed Assets | 643 | 638 | 786 | 911 | 948 | 1,216 | 1,400 | 1,224 | 2,033 | 2,094 | 2,031 | 1,969 | 2,115 |
| CWIP | 206 | 240 | 205 | 220 | 369 | 372 | 445 | 725 | 302 | 154 | 171 | 287 | 190 |
| Investments | 0 | 0 | 14 | 9 | 10 | 23 | 78 | 100 | 111 | 97 | 91 | 103 | 95 |
| Other Assets | 925 | 1,097 | 1,300 | 1,463 | 1,196 | 1,225 | 1,175 | 1,189 | 1,215 | 1,668 | 2,121 | 2,775 | 2,941 |
| Total Assets | 1,775 | 1,975 | 2,305 | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 5,342 |
Below is a detailed analysis of the balance sheet data for Force Motors Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 13.00 Cr..
- For Reserves, as of Sep 2025, the value is 3,493.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,020.00 Cr. (Mar 2025) to 3,493.00 Cr., marking an increase of 473.00 Cr..
- For Borrowings, as of Sep 2025, the value is 0.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 17.00 Cr. (Mar 2025) to 0.00 Cr., marking a decrease of 17.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 1,836.00 Cr.. The value appears to be improving (decreasing). It has decreased from 2,083.00 Cr. (Mar 2025) to 1,836.00 Cr., marking a decrease of 247.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 5,342.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,134.00 Cr. (Mar 2025) to 5,342.00 Cr., marking an increase of 208.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 2,115.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,969.00 Cr. (Mar 2025) to 2,115.00 Cr., marking an increase of 146.00 Cr..
- For CWIP, as of Sep 2025, the value is 190.00 Cr.. The value appears to be declining and may need further review. It has decreased from 287.00 Cr. (Mar 2025) to 190.00 Cr., marking a decrease of 97.00 Cr..
- For Investments, as of Sep 2025, the value is 95.00 Cr.. The value appears to be declining and may need further review. It has decreased from 103.00 Cr. (Mar 2025) to 95.00 Cr., marking a decrease of 8.00 Cr..
- For Other Assets, as of Sep 2025, the value is 2,941.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,775.00 Cr. (Mar 2025) to 2,941.00 Cr., marking an increase of 166.00 Cr..
- For Total Assets, as of Sep 2025, the value is 5,342.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,134.00 Cr. (Mar 2025) to 5,342.00 Cr., marking an increase of 208.00 Cr..
Notably, the Reserves (3,493.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 77.00 | 136.00 | 260.00 | 69.00 | 268.00 | -11.00 | -49.00 | -618.00 | 49.00 | -642.00 | 373.00 | -16.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 17 | 18 | 14 | 26 | 17 | 20 | 23 | 21 | 14 | 5 | 8 |
| Inventory Days | 97 | 87 | 92 | 73 | 68 | 66 | 91 | 136 | 89 | 77 | 83 | 73 |
| Days Payable | 77 | 87 | 70 | 80 | 81 | 52 | 95 | 108 | 72 | 69 | 61 | 48 |
| Cash Conversion Cycle | 44 | 17 | 40 | 6 | 13 | 31 | 15 | 52 | 38 | 22 | 27 | 32 |
| Working Capital Days | 24 | 15 | 23 | 30 | 43 | 43 | 6 | -5 | -37 | -6 | -2 | 16 |
| ROCE % | 6% | 10% | 18% | 14% | 11% | 10% | 5% | -5% | -3% | 5% | 24% | 30% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Sundaram Flexicap Fund | 21,000 | 2.03 | 43.19 | N/A | N/A | N/A |
| Sundaram Value Fund | 19,735 | 2.75 | 40.59 | N/A | N/A | N/A |
| Sundaram ELSS Tax Saver Fund | 14,000 | 2.05 | 28.79 | 39,000 | 2025-10-30 05:55:10 | -64.1% |
| WhiteOak Capital Flexi Cap Fund | 11,075 | 0.32 | 22.78 | N/A | N/A | N/A |
| Samco Active Momentum Fund | 8,805 | 2.56 | 18.11 | N/A | N/A | N/A |
| WhiteOak Capital Multi Cap Fund | 4,396 | 0.31 | 9.04 | N/A | N/A | N/A |
| Samco Special Opportunities Fund | 2,169 | 3.13 | 4.46 | N/A | N/A | N/A |
| Shriram Flexi Cap Fund | 430 | 0.65 | 0.88 | N/A | N/A | N/A |
| Samco Dynamic Asset Allocation Fund | 169 | 0.13 | 0.35 | N/A | N/A | N/A |
| Shriram ELSS Tax Saver Fund | 150 | 0.62 | 0.31 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 607.71 | 294.54 | 101.43 | -69.13 | -93.83 |
| Diluted EPS (Rs.) | 607.71 | 294.54 | 101.43 | -69.13 | -93.83 |
| Cash EPS (Rs.) | 819.86 | 507.43 | 298.24 | 88.48 | 47.10 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 2301.54 | 1712.71 | 1424.22 | 1327.66 | 1395.85 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 2301.54 | 1712.71 | 1424.22 | 1327.66 | 1395.85 |
| Revenue From Operations / Share (Rs.) | 6124.23 | 5305.11 | 3815.61 | 2458.59 | 1508.49 |
| PBDIT / Share (Rs.) | 871.99 | 719.11 | 297.30 | 90.30 | 28.82 |
| PBIT / Share (Rs.) | 659.36 | 516.72 | 114.64 | -54.58 | -102.94 |
| PBT / Share (Rs.) | 939.10 | 469.57 | 220.80 | -85.71 | -124.36 |
| Net Profit / Share (Rs.) | 607.24 | 305.04 | 115.58 | -56.39 | -84.67 |
| NP After MI And SOA / Share (Rs.) | 607.54 | 294.45 | 101.40 | -69.10 | -93.80 |
| PBDIT Margin (%) | 14.23 | 13.55 | 7.79 | 3.67 | 1.91 |
| PBIT Margin (%) | 10.76 | 9.74 | 3.00 | -2.21 | -6.82 |
| PBT Margin (%) | 15.33 | 8.85 | 5.78 | -3.48 | -8.24 |
| Net Profit Margin (%) | 9.91 | 5.74 | 3.02 | -2.29 | -5.61 |
| NP After MI And SOA Margin (%) | 9.92 | 5.55 | 2.65 | -2.81 | -6.21 |
| Return on Networth / Equity (%) | 26.39 | 17.20 | 7.12 | -5.21 | -6.72 |
| Return on Capital Employeed (%) | 25.49 | 24.50 | 6.03 | -3.02 | -5.73 |
| Return On Assets (%) | 15.59 | 8.79 | 3.32 | -2.48 | -3.81 |
| Long Term Debt / Equity (X) | 0.00 | 0.16 | 0.31 | 0.34 | 0.26 |
| Total Debt / Equity (X) | 0.01 | 0.23 | 0.50 | 0.61 | 0.28 |
| Asset Turnover Ratio (%) | 1.69 | 1.66 | 1.30 | 0.93 | 0.62 |
| Current Ratio (X) | 1.50 | 1.25 | 1.04 | 0.80 | 1.01 |
| Quick Ratio (X) | 0.80 | 0.53 | 0.48 | 0.30 | 0.37 |
| Inventory Turnover Ratio (X) | 6.88 | 5.26 | 5.37 | 4.32 | 2.74 |
| Dividend Payout Ratio (NP) (%) | 3.29 | 3.39 | 9.86 | -7.23 | -10.66 |
| Dividend Payout Ratio (CP) (%) | 2.43 | 2.01 | 3.52 | 6.59 | 26.33 |
| Earning Retention Ratio (%) | 96.71 | 96.61 | 90.14 | 107.23 | 110.66 |
| Cash Earning Retention Ratio (%) | 97.57 | 97.99 | 96.48 | 93.41 | 73.67 |
| Interest Coverage Ratio (X) | 44.43 | 15.25 | 5.73 | 2.90 | 1.35 |
| Interest Coverage Ratio (Post Tax) (X) | 16.68 | 7.47 | 0.18 | -0.81 | -2.95 |
| Enterprise Value (Cr.) | 11434.78 | 9625.28 | 2352.96 | 2346.33 | 2030.17 |
| EV / Net Operating Revenue (X) | 1.42 | 1.38 | 0.46 | 0.72 | 1.02 |
| EV / EBITDA (X) | 9.95 | 10.16 | 6.00 | 19.72 | 53.44 |
| MarketCap / Net Operating Revenue (X) | 1.48 | 1.37 | 0.30 | 0.41 | 0.77 |
| Retention Ratios (%) | 96.70 | 96.60 | 90.13 | 107.23 | 110.66 |
| Price / BV (X) | 3.93 | 4.23 | 0.81 | 0.77 | 0.83 |
| Price / Net Operating Revenue (X) | 1.48 | 1.37 | 0.30 | 0.41 | 0.77 |
| EarningsYield | 0.06 | 0.04 | 0.08 | -0.06 | -0.08 |
After reviewing the key financial ratios for Force Motors Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 607.71. This value is within the healthy range. It has increased from 294.54 (Mar 24) to 607.71, marking an increase of 313.17.
- For Diluted EPS (Rs.), as of Mar 25, the value is 607.71. This value is within the healthy range. It has increased from 294.54 (Mar 24) to 607.71, marking an increase of 313.17.
- For Cash EPS (Rs.), as of Mar 25, the value is 819.86. This value is within the healthy range. It has increased from 507.43 (Mar 24) to 819.86, marking an increase of 312.43.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 2,301.54. It has increased from 1,712.71 (Mar 24) to 2,301.54, marking an increase of 588.83.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 2,301.54. It has increased from 1,712.71 (Mar 24) to 2,301.54, marking an increase of 588.83.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 6,124.23. It has increased from 5,305.11 (Mar 24) to 6,124.23, marking an increase of 819.12.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 871.99. This value is within the healthy range. It has increased from 719.11 (Mar 24) to 871.99, marking an increase of 152.88.
- For PBIT / Share (Rs.), as of Mar 25, the value is 659.36. This value is within the healthy range. It has increased from 516.72 (Mar 24) to 659.36, marking an increase of 142.64.
- For PBT / Share (Rs.), as of Mar 25, the value is 939.10. This value is within the healthy range. It has increased from 469.57 (Mar 24) to 939.10, marking an increase of 469.53.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 607.24. This value is within the healthy range. It has increased from 305.04 (Mar 24) to 607.24, marking an increase of 302.20.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 607.54. This value is within the healthy range. It has increased from 294.45 (Mar 24) to 607.54, marking an increase of 313.09.
- For PBDIT Margin (%), as of Mar 25, the value is 14.23. This value is within the healthy range. It has increased from 13.55 (Mar 24) to 14.23, marking an increase of 0.68.
- For PBIT Margin (%), as of Mar 25, the value is 10.76. This value is within the healthy range. It has increased from 9.74 (Mar 24) to 10.76, marking an increase of 1.02.
- For PBT Margin (%), as of Mar 25, the value is 15.33. This value is within the healthy range. It has increased from 8.85 (Mar 24) to 15.33, marking an increase of 6.48.
- For Net Profit Margin (%), as of Mar 25, the value is 9.91. This value is within the healthy range. It has increased from 5.74 (Mar 24) to 9.91, marking an increase of 4.17.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 9.92. This value is within the healthy range. It has increased from 5.55 (Mar 24) to 9.92, marking an increase of 4.37.
- For Return on Networth / Equity (%), as of Mar 25, the value is 26.39. This value is within the healthy range. It has increased from 17.20 (Mar 24) to 26.39, marking an increase of 9.19.
- For Return on Capital Employeed (%), as of Mar 25, the value is 25.49. This value is within the healthy range. It has increased from 24.50 (Mar 24) to 25.49, marking an increase of 0.99.
- For Return On Assets (%), as of Mar 25, the value is 15.59. This value is within the healthy range. It has increased from 8.79 (Mar 24) to 15.59, marking an increase of 6.80.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.16 (Mar 24) to 0.00, marking a decrease of 0.16.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. It has decreased from 0.23 (Mar 24) to 0.01, marking a decrease of 0.22.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.69. It has increased from 1.66 (Mar 24) to 1.69, marking an increase of 0.03.
- For Current Ratio (X), as of Mar 25, the value is 1.50. This value is within the healthy range. It has increased from 1.25 (Mar 24) to 1.50, marking an increase of 0.25.
- For Quick Ratio (X), as of Mar 25, the value is 0.80. This value is below the healthy minimum of 1. It has increased from 0.53 (Mar 24) to 0.80, marking an increase of 0.27.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.88. This value is within the healthy range. It has increased from 5.26 (Mar 24) to 6.88, marking an increase of 1.62.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 3.29. This value is below the healthy minimum of 20. It has decreased from 3.39 (Mar 24) to 3.29, marking a decrease of 0.10.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 2.43. This value is below the healthy minimum of 20. It has increased from 2.01 (Mar 24) to 2.43, marking an increase of 0.42.
- For Earning Retention Ratio (%), as of Mar 25, the value is 96.71. This value exceeds the healthy maximum of 70. It has increased from 96.61 (Mar 24) to 96.71, marking an increase of 0.10.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 97.57. This value exceeds the healthy maximum of 70. It has decreased from 97.99 (Mar 24) to 97.57, marking a decrease of 0.42.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 44.43. This value is within the healthy range. It has increased from 15.25 (Mar 24) to 44.43, marking an increase of 29.18.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.68. This value is within the healthy range. It has increased from 7.47 (Mar 24) to 16.68, marking an increase of 9.21.
- For Enterprise Value (Cr.), as of Mar 25, the value is 11,434.78. It has increased from 9,625.28 (Mar 24) to 11,434.78, marking an increase of 1,809.50.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.42. This value is within the healthy range. It has increased from 1.38 (Mar 24) to 1.42, marking an increase of 0.04.
- For EV / EBITDA (X), as of Mar 25, the value is 9.95. This value is within the healthy range. It has decreased from 10.16 (Mar 24) to 9.95, marking a decrease of 0.21.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.48. This value is within the healthy range. It has increased from 1.37 (Mar 24) to 1.48, marking an increase of 0.11.
- For Retention Ratios (%), as of Mar 25, the value is 96.70. This value exceeds the healthy maximum of 70. It has increased from 96.60 (Mar 24) to 96.70, marking an increase of 0.10.
- For Price / BV (X), as of Mar 25, the value is 3.93. This value exceeds the healthy maximum of 3. It has decreased from 4.23 (Mar 24) to 3.93, marking a decrease of 0.30.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.48. This value is within the healthy range. It has increased from 1.37 (Mar 24) to 1.48, marking an increase of 0.11.
- For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 24) to 0.06, marking an increase of 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Force Motors Ltd:
- Net Profit Margin: 9.91%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 25.49% (Industry Average ROCE: 22.38%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 26.39% (Industry Average ROE: 25.68%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 16.68
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.8
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 30.8 (Industry average Stock P/E: 33.27)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.01
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 9.91%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Auto - LCVs/HCVs | Mumbai-Pune Road, Akurdi, Pune Maharashtra 411035 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Abhaykumar Navalmal Firodia | Chairman |
| Mr. Prasan Abhaykumar Firodia | Managing Director |
| Mr. Prashant V Inamdar | Executive Director - Operations |
| Ms. Sonia Prashar | Independent Director |
| Mr. Vallabh Roopchand Bhanshali | Independent Director |
| Mr. Mukesh Mangalbhai Patel | Independent Director |
FAQ
What is the intrinsic value of Force Motors Ltd?
Force Motors Ltd's intrinsic value (as of 05 February 2026) is ₹53124.46 which is 176.60% higher the current market price of ₹19,206.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹25,306 Cr. market cap, FY2025-2026 high/low of ₹22,000/6,200, reserves of ₹3,493 Cr, and liabilities of ₹5,342 Cr.
What is the Market Cap of Force Motors Ltd?
The Market Cap of Force Motors Ltd is 25,306 Cr..
What is the current Stock Price of Force Motors Ltd as on 05 February 2026?
The current stock price of Force Motors Ltd as on 05 February 2026 is ₹19,206.
What is the High / Low of Force Motors Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Force Motors Ltd stocks is ₹22,000/6,200.
What is the Stock P/E of Force Motors Ltd?
The Stock P/E of Force Motors Ltd is 30.8.
What is the Book Value of Force Motors Ltd?
The Book Value of Force Motors Ltd is 2,661.
What is the Dividend Yield of Force Motors Ltd?
The Dividend Yield of Force Motors Ltd is 0.21 %.
What is the ROCE of Force Motors Ltd?
The ROCE of Force Motors Ltd is 30.0 %.
What is the ROE of Force Motors Ltd?
The ROE of Force Motors Ltd is 20.8 %.
What is the Face Value of Force Motors Ltd?
The Face Value of Force Motors Ltd is 10.0.